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Nifty Outlook : For Tomarrow – Jan 11, 2018

Nifty closes 0.05% down to the levels of 10632. Nifty tomorrow trends are flat.

Index manages to close above 10600 after several ups and downs.

NIFTY forecast on Thursday, January, 11

As we have mentioned in our nifty forecast, that minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. Nifty traded in last three sessions above minor support levels. Index still strong and having potential to touch 10700 – 10750 levels this week.

If the index manages to close below 10550 on 11 Jan 18 than index can drift to the levels of 10400 to 10450 where minor support is lying.

Resistance for the index lies in the zone of 10650 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000.

Broad range for tomorrow is seen from 10550 on downside & 10675 on upside.

Support : 10550

Resistance : 10675

index value 10627, maximum 10786, minimum 10468.

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